Background
The 2014 winter Olympics in Sochi is unfortunately known for a huge doping scandal, creating a debate on how to increase the secure chain of custody within in the anti-doping industry. Validicity AB was initiated by the Arne Ljungqvist Foundation to actively combat anti-doping in human sports, by developing a new hardware solution combined with a blockchain-based system creating a secure supply chain (https://www.arneljungqvist.com/).
A team of experts was brought together with deep knowledge in their respective field in order to solve this challenge and develop the future chain of custody in anti-doping. The first market segment of the company is for doping control in human sports, followed by an equestrian sports segment. A third segment will be solutions addressing work-place testing operations. Expanding the system, Validicity can basically serve any vertical that needs a secure supply chain such as pharma, food, toxic waste and high-end goods.
Since the company was founded in the beginning of February 2018, a first functional prototype has been developed, a European patent application has been filed and parts of the team attended the WADA conference initiating talks with potential customers and partners.
Business Idea
Validicity offers a solution for a complete secure chain of custody combining a digital solution (NFC, Block-chain & Cloud storage technology) with a mechanical device (bottle / bottle tops / packaging) creating a transparent and tamper-proof system.